Lee Enterprises, Incorporated (NYSE:LEE) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lowered its holdings in Lee Enterprises, Incorporated (NYSE:LEE) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,788 shares of the company’s stock after selling 1,137 shares during the period. Stifel Financial Corp owned 0.24% of Lee Enterprises worth $129,000 as of its most recent SEC filing.

Separately, Wittenberg Investment Management Inc. grew its holdings in shares of Lee Enterprises by 13.7% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 121,755 shares of the company’s stock worth $1,060,000 after purchasing an additional 14,715 shares during the period. 39.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Lee Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

Insider Activity at Lee Enterprises

In other news, major shareholder Raghav Nath Bahl sold 71,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $15.00, for a total transaction of $1,065,000.00. Following the completion of the sale, the insider now directly owns 30,205 shares in the company, valued at $453,075. This trade represents a 70.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.40% of the company’s stock.

Lee Enterprises Stock Performance

NYSE:LEE opened at $14.36 on Tuesday. The firm’s fifty day simple moving average is $16.40 and its 200 day simple moving average is $12.33. The firm has a market capitalization of $88.89 million, a price-to-earnings ratio of -3.29 and a beta of 1.02. Lee Enterprises, Incorporated has a twelve month low of $7.57 and a twelve month high of $19.63. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 69.34.

About Lee Enterprises

Lee Enterprises, Incorporated provides local news and information, and advertising services in the United States. The company offers digital subscription platforms; daily, weekly, and monthly newspapers and niche publications; and web hosting and content management services. It also provides advertising and marketing services, such as audience extension, search engine optimization, search engine marketing, web and mobile production, social media services, and reputation monitoring and management.